SellMyInvoice

SellMyInvoice

Sell invoices at a discount and get paid in crypto right now! We aim to offer a decentralized invoice factoring service. Safe, secure, and encrypted storage !

SellMyInvoice

SellMyInvoice

Sell invoices at a discount and get paid in crypto right now! We aim to offer a decentralized invoice factoring service. Safe, secure, and encrypted storage !

The problem SellMyInvoice solves

To facilitate on-chain infrastructure such that any Small
business can upload their verified invoice from a verified Enterprise and get
paid instantly circumventing the credit period
This essentially frees up the much needed operating capital for these small
businesses.

We made a flutter android ios cross platform app.

Small businesses find it extremely difficult to acquire loans at a
reasonable interest rate or are often rejected because of a non existent
credit history.
Operating Capital is locked up due to business practices where Invoices
are paid at a delay which in turn prevents business from operating at the
fullest potential.
Risk minimized investment opportunities are hard to come by in the
DeFi ecosystem.
Because the services are provided ahead of time the real world risk it
poses to the investors are minimized.

Right now the project is essentially a collection of partially deployed smart contracts.
But if implemented properly , with the right mentorship and with the correct team, this
simple , DAO smart contract has the potential to serve millions of users.
I believe once the first few businesses are onboarded and a positive cycle is completed
this positive feedback loop will bring more customers in. This particular project I dont
believe is about mass online marketing. Polygonscan can be our best displayed
performance metrics , emphasizing on the transparency I believe in the potential of
the project to process invoices , transactions and cohesively operate in the DeFi
Ecosystem , while creating millions in value for all users involved.

Challenges we ran into

We faced challenges uploading files to IPFS and concerns of privacy.
We used a lighthouse to solve this problem
We are running into challenges while taking the final build of our Flutter Android Ios Cross platform Mobile applications.

Web3-Flutter-Dart Librabries are pertty much unsupported and poorly documented. But we are powering through it.
This is why the video of the android app is missing.

Improving the design on the ERC-721 Invoice NFT smart contract.
Design and build the membership ERC-721 NFT.
Algorithm to calculate a diminishing supply factor.
Building a specialized NFT Marketplace to trade ERC-721 Invoice NFT.
Extending the KenobiDAO smart contract to a fully functional DAO with
hybrid governance.
Improve Rewards system logic for the Liquidity Providers/Investors.
Mechanism to verify uploaded invoices.
Optimizing security of the DAO smart contract.
Refining the ERC-20 Governance token of the DAO.Finalizing between
an ERC-20 based Voting system vs ERC-721voting system for
governance.
Staking functionalities for the Membership NFTs as means for external
exposure.
Mechanism to decrease risk exposure for acquired NFTs by the DAO
through Fractionalizing.
Simple Production grade Frontend application in react and scaffold eth.
A Subgraph for the Invoice based NFTs to be deployed on The Graph
protocols as a hosted service

Tracks Applied (2)

General Storage Track

Protocol Labs

QuickNode

QuickNode

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